> For the complete documentation index, see [llms.txt](https://whitepaper.akiverse.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepaper.akiverse.io/tokenomics/akiverse-reward-akir-token.md).
# AKIVERSE Reward (AKIR) Token
AKIVERSE Reward (AKIR) is an ERC-20 standard utility token that serves as the basis for AKIVERSE's various transactions. AKIRs can be obtained in exchange for Teras, the in-world currency.
| **Token Name** | AKIVERSE Reward |
| :------------------------: | :-------------------------------------------------------------------------------------: |
| **Symbol** | AKIR |
| **Token Standard** | ERC-20 |
| **Total Supply** | ∞ |
| **Initial Issue Quantity** | 20,000,000 |
| **Contract** | [PolygonScan](https://polygonscan.com/token/0xf7130028f0766a6fa21d25c2f249da08f51b8ffb) |
AKIRs are available as a commission for Arcade Machine Crafts and Extracts, and Game Players can earn AKIRs for playing the game and also for providing liquidity by farming AKIRs. AKIRs can be earned by Game Players for playing games and also for providing liquidity by farming AKIRs.
AKIR used for Crafting will be Burned.
AKIR will be allocated as follows
Allocation of Initial Issue
Qty
%
AKV Staking to earn AKIR
6,000,000
30.0%
Farming
8,000,000
40.0%
Marketing
6,000,000
30.0%
Total
20,000,000
-
As mentioned above, AKIR is the foundation for AKIVERSE's various transactions, so we are closely simulating its granting rules, logic settings, and adjustments, and will optimize it as appropriate, keeping a close eye on the balance between supply and demand.
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